As it turned out, PureSpectrum, Inc. (PINK:PSRU) had to deliberately relegate itself from the OTCBB in order to dramatically increase its volatility on the charts.
Yesterday, PSRU made a quantum leap of 233% to $0.0020 per share. As a result, it has finally returned to the sub-penny marketplace following a six-month absence. Along with it, PSRU stock enjoyed intense trading as approx. 78.5 million shares of common stock changed hands, which is the highest turnover generated by PSRU since Jun. 27.
In the absence of paid advertising campaigns, the real driving force behind PSRU’s surge is the official press release which saw the light of day on Dec. 12. As read in the update, an asset management entity by the name of OTC Ventures had acquired a controlling interest in PSRU. In compliance therewith, the acquiring company wasted no time in announcing its intention to redirect PSRU’s business to the Oil and Gas sector. What is more, the company’s new management body claims to have started exploring a Texan oil drilling platform for a possible acquisition in the near term.
Prior to PSRU’s acquisition, the company had been developing highly efficient lighting products.
The aforementioned news pretty much explains why the company’s official website is currently down as its content will have to be changed. As for the 15-12G form, there is hardly a logical explanation.
